Micron vs. Sandisk: Which Stock Is the Better Buy for the Memory Boom?

Both Micron and Sandisk have experienced significant gains driven by AI-fueled demand for memory chips, with memory prices up 6x over the past year. Despite recent pullbacks (Micron down 24%, Sandisk down 38% in the past month), both companies are securing long-term customer agreements that position them for sustained growth. With forward P/E ratios below the S&P 500 average, both stocks offer attractive valuations and strong long-term upside potential as the memory supply shortage is expected to persist beyond 2030.